Although the roadmap drawn up to reform the banking industry of Bangladesh may seem attractive on the surface, there are questions regarding its efficacy in ensuring good governance in the scam-hit sector.

Bond licence rules need to be eased for the expansion of businesses as 4,187 bond licences became inactivate over the past 14 years and only 1,558 new ones were issued, according to a new study made public yesterday.

Software and IT Enabled Service (ITES) providers yesterday urged the government to extend the income tax exemption applicable to them by six years until 2031 in order to help the nation achieve its vision for a Smart Bangladesh by 2041.

Businesses in Bangladesh generally do not respond to surveys as they are reluctant to share information due to a lack of awareness of its benefits, according to an economist. 

Export containers come under scanning

'Bangladesh has an annual market of around Tk 14,000 crore-Tk 15,000 crore for fire safety and security-related items, but has to import such items from the United Kingdom, the US, UAE, Germany, Turkey, and Japan'

LafargeHolcim Bangladesh and Sylhet City Corporation (SCC) recently launched a joint initiative under which they installed a material recovery facility at a cost of Tk 15.30 crore for the sustainable management of plastic waste in Sylhet.

.Around 4,500 workers of the factory protested in Chandra area from 9:00am to 2:00pm

Turkish beverage company Coca-Cola Icecek (CCI) has signed a deal to acquire Coca-Cola Bangladesh Beverages Ltd (CCBB) for $130 million.   

Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.

Aamra Networks is going to raise Tk 92 crore by issuing rights shares to upgrade the network and repay loans.

There is a lack of trust in the financial sector of Bangladesh, which is adversely impacting the country’s overall economy, according to economists at discussion.

The Bangladesh Bank has introduced currency swaps with banks for the first time, a move that will enable the country to meet the net reserve condition set by the International Monetary Fund (IMF) with its $4.7 billion loan programme.

Exports of locally made lungis, a widely used everyday garb for southeast Asian men, have been rising rapidly because of the increasing Bangladeshi diaspora worldwide while the local market has also been on an upward curve due to Bangladesh’s growing population, industry insiders said.

Biman Bangladesh Airlines started selling tickets for flights on the Dhaka-Rome-Dhaka route yesterday as the national flag carrier is set to resume operations to connect the country with the European city from March 26.

Garment manufacturers have sought a policy from the government on virtual marketplaces, saying they cannot enter into deals with international clothing retailers and traders in absence of dedicated international payment gateways for them.

Turkish beverage company Coca-Cola Icecek (CCI) has signed a deal to acquire Coca-Cola Bangladesh Beverages Ltd (CCBB) for $130 million.

The Bangladesh Securities and Exchange Commission (BSEC) issued an order yesterday revising the criteria for companies to be considered and listed as junk.

Bangladesh is a suitable place for the aviation business as evidenced by Air Arabia’s business growing by three to four percent year-on-year, Adel Abdullah Ali, group CEO of Air Arabia said yesterday.

Few people in Bangladesh use insurance schemes to safeguard against potential financial concerns as most prefer to keep their rainy-day funds in banks and bonds, according to a recent study.